Spring Valley Acquisition Corp. IV 8-K

What Happened

• Spring Valley Acquisition Corp. IV (a Cayman Islands SPAC) announced its Form S-1 was declared effective on February 9, 2026 and that it closed its initial public offering on February 11, 2026. The company sold 23,000,000 units (including a full 3,000,000‑unit over‑allotment) at $10.00 per unit for gross proceeds of $230,000,000. Each unit contains one Class A ordinary share and one‑fourth of a warrant; each whole warrant is exercisable for one Class A share at $11.50 (subject to adjustment). In connection with the offering the company also completed a private placement of warrants that raised $6,341,500.
• The company placed $230,000,000 of the net proceeds into a trust account for public shareholders (Continental acting as trustee). The filing also reports board appointments (David Buzby, Debora Frodl and Richard Thompson effective February 9, 2026), amended articles authorizing new share classes, indemnity agreements for officers/directors, and execution of related underwriting, warrant, registration rights and other transaction documents.

Key Details

• Offering size: 23,000,000 units at $10.00 each; gross proceeds $230,000,000 (includes 3,000,000 units from over‑allotment).
• Unit structure: 1 Class A ordinary share + 1/4 warrant; warrant exercise price $11.50 per share (subject to adjustment).
• Private placement: 4,490,555 warrants to the Sponsor and 2,555,556 to the underwriters, sold at $0.90 each; private placement proceeds $6,341,500. Private placement warrants have transfer restrictions (generally until 30 days after a business combination) and registration rights; certain reps’ warrants have a five‑year exercise limit per FINRA Rule 5110(g)(8).
• Trust and timing: $230,000,000 placed in a trust account; only limited interest (up to 5% of interest earned) may be withdrawn for working capital and taxes. Trust funds held until the earliest of (i) completion of the initial business combination, (ii) redemption if no business combination by September 5, 2027 (or such earlier/extended date), or (iii) certain shareholder‑approved amendments triggering redemptions.

Why It Matters

• The company is now a public SPAC with roughly $230M secured in trust to pursue an acquisition (subject to shareholder redemption rights and the SPAC’s timeline). That capital and the issued warrants define the basic economic and dilution profile for future investors.
• New board members and indemnity arrangements establish the SPAC’s governance and protections for its officers/directors. The private placement warrants and registration rights indicate sponsor and underwriter economics and potential future dilution upon exercise.
• Retail investors should note the trust structure and redemption timeline (Completion Window through Sept 5, 2027 unless changed), the warrant exercise price ($11.50), and the transfer/registration limits on founder/private placement warrants — all key to understanding liquidity, dilution and timing for any eventual merger or return of funds.